Global Economy
Security Costs Drive up Warren Buffett’s Berkshire Hathaway Compensation
Warren Buffett's compensation for running Berkshire Hathaway Inc edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe. Buffett's salary ...
People Are Among the Biggest Emerging M&A Risks: Mercer
With global M&A on the upswing in multiple industries, Mercer says it has identified a major risk on the rise: people who work for the companies involved in combining operations. "More than ever, ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Federal Judge Frees BP from U.S. Lawsuits Over Post-Gulf Spill Drilling Ban
BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal ...
Germanwings Crash Probe Proposes Airline Insurance to Address Pilot License Loss
Pilots would lose privacy protection for health records and airlines would need insurance when the employees lose their license under a proposal from the French air-safety agency that investigated ...
New Zurich CEO Greco Rallies Troops with Call for Clear Strategy
Zurich Insurance Group AG needs a clear and simple strategy to rebuild investor confidence as the company tries to turn around its struggling general insurance unit, said Mario Greco, the firm's new ...
Buffett’s Gen Re to Close Several Global Locations in Reorganization Move
Gen Re, one of the giant reinsurance businesses at Warren Buffett's Berkshire Hathaway Inc., said it's exiting property-casualty operations at six smaller locations amid a global reorganization. The ...
Generali Will Reportedly Name Donnet to Replace Greco as CEO
Assicurazioni Generali SpA is set to propose Italy country manager Philippe Donnet as chief executive officer, replacing Mario Greco, who has joined Zurich Insurance Group AG, according to two people ...
Berkshire Hathaway Specialty Insurance Expands to Europe; Lloyd’s Vet to Help Lead
Berkshire Hathaway Specialty Insurance is expanding into Europe, and two men – veteran executives from Lloyd's and Marsh – will lead the effort. Plans call for BHSI to operate in Europe as part ...